31386 paragraphs found
Considerations Specific to Public Sector Entities (Ref: Para 11(a)) …
In the case of an audit of a public sector entity, the evaluation whether a misstatement is material may also be affected by the auditor’s responsibilities established by law, regulation or other authority to report specific matters, including, for …
Furthermore, issues such as public interest, accountability, probity and ensuring effective legislative oversight, in particular, may affect the assessment whether an item is material by virtue of its nature. This is particularly so for items that relate …
If uncorrected misstatements have been communicated with person(s) with management responsibilities, and those person(s) also have governance responsibilities, they need not be communicated again with those same person(s) in their governance role. The …
Where there is a large number of individual immaterial uncorrected misstatements, the auditor may communicate the number and overall monetary effect of the uncorrected misstatements, rather than the details of each individual uncorrected …
ASA 260 requires the auditor to communicate with those charged with governance the written representations the auditor is requesting (see paragraph 14 ). [19] The auditor may discuss with those charged with governance the reasons for, and the …